Why are so many self-employed individuals choosing solo 401k plans over traditional retirement options? The answer is simple: A solo 401k plan, also referred to as an individual 401k or a self-employed 401k, offers several benefits that cannot be obtained through other retirement plans. These benefits are specifically designed to help self-employed people with financial situations that they frequently find themselves in. … [Read more...]
Is a Self Directed 401k Plan Right for You?
What do you do if you’re self employed or you want more than what your employer's 401k plan offers? You apply for a self directed 401k. A self directed 401k (also called a solo 401k) is the do-it-yourself version of a 401k retirement plan. The major advantage to a self directed 401k is that you can control where and what kind of investments you want to put your retirement money into. … [Read more...]